Rupee rises by six paise at 83.32 per dollar in early trade
The rupee rose by six paise to 83.32 per dollar in early trade on Tuesday amid a strong trend in the local stock market and weakness in the American currency in the foreign market.
Forex traders said the rupee had fallen to a record low on Monday despite widespread dollar weakness. The rupee opened at 83.33 against the dollar in the interbank foreign exchange market.
After this it reached 83.32 per dollar. This is an increase of six paise compared to the previous closing level. The rupee had closed at its all-time low of 83.38 per dollar on Monday.
Meanwhile, the dollar index, which gauges the US dollar’s position against six major world currencies, fell 0.21 per cent to 103.21.
Global oil benchmark Brent crude was trading 0.73 per cent lower at $81.88 per barrel. According to stock market data, foreign institutional investors (FIIs) sold shares worth Rs 645.72 crore on Monday.
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